St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-01
THE COMMERCIAL RECORD.
On the Chicago Board Of Trade at Yes
terday Mornings Ses-
sion
There We're Free Offerings Of Large
Lines of Long Wheat by
Spectators.
Transactions in the Financial Circles
of Wall Street.-The Gen.
eral Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO. Sept. 3O-The features of the
wheat market this morning around the open
ing and for a couple of hours thereafter were
free offerings of large lines of loug wheat
and renewed speculative selling on an extern
sive scale by leading local operators. Ream
sold probably 80, 900 bushels, mostly for De-
cember. Milmine, Bodman 4 Co. and Flem-
ing Il Boyden also appeared as sellers early,
though they were buying heavily later.
Hutchinson sold steadily nearly all morning,
and during the first hour disposed OF about
100000 bushels, nearly all of it for October.
This action was construed by the crowd as IN
dicatiYe of purpose of "Old Hutch"
TO deliver out the wheat he may be carrying.
December is only quoted at a premium OF
2I2@2Ssc over october now, a figure that is
particularly attractive to carriers in the pres
ent condition of the money market. Offer
ings of wheat for October were on a generous
scale, and although no break occurred, sellers
were put to the inconvenience of looking up
customers for their wares. The trade
WOULD NOT BE SURPRISED
to see heavier deliveries on October contracts
tomorrow than estimates made heretofore
would have led observers to anticipate. The
temper of the crowd was strongly bullish,
and offerings were readily absorbed. The
out breaking the market Ac, and
whenever the pressure relaxed values
stitfened right up. Up to II o'clock the
range on October wheat was 71SSc low and
T1l20715Sc high; on December, 74c low
and 7412@l74SSc high, and on May, 79079ISc
low and 791sc high. The opening range was
T1l2c for October, 74Isc for December, and
1850 for May. At the afternoon session
wheat was weak and fractionally lower:
corn firm ana slightly higher; oats dull and
steady. and provisions unchanged. The
$50 p. N. priceS-Wheat-Octo 71Ac;
December, 74c; May, 79lsc. Corn-429sc
october, 42A@42ssc December, 4412G1455sc
Nav. OatS-251s@26c October, 297s@30c
May. Pork-S12 year, S12.3712 January.
Lard-S6. 40 October, S6.4O December, S6.75
May. Short ribs-S7 so December.
THE ROUTINE REPORT.
CHICAGO, Sept. 30-The opening prices Oh
Change this morning were almost without
exception identical with the latest figures
on Thursday. Neither did the early trading
cause very much change in the situation.
Both sides of the market in wheat and corn
felt quite strong and confident and the re-
suit was an active feeling in the pits. Trad
ing was quite heavy. the demand being good
and the offerings also large. A strong feel
ing was developed, and prices averaged
higher than Yesterday. Though when at the
top free offerings checked further advances.
way of changing October to December and
May deliveries. Prices after frequent fluctu-
ations were advanced about &c over yester
days closing. and closed lac under The re-
cefpts continue quite free at Minneapolis and
Duluth. and about the same as usual at pri-
mary winter wheat receiving points.
Receipts at twelve points aggregated 1872
600, and shipments 5O3,OOO bu. October
wheat opened at II 126171SSc, sold at 714@
T1s4e, and closed at 7l4c. May opened at
1850, sold at 7S7S@79l2c, closing at the lat
ter figure. Corn was fairly active, with the
feeling firm at first, but later ruled more quiet
and easier. Opening sales were shade
higher than yesterdays closing prices, and,
under good demand from local shorts, mar
ket advanced 1s@hc, September. delivery
selling at one time to A@Ssc premium over
October. The advance brought out consider
able long corn, and offerings became quite
liberal, prominent local operator selling
freely, under which market declined 12@5sc
ruled steady and closed sS@12c lower than
yesterday; October, 43c; May, 4512c. There
was considerable changing or October to the
more deferred deliveries. Receipts were
hardly as large as expected, and estimated
arrivals for tomorrow 324 cars; this as
sisted the early firmness to some extent.
Oats were steady. The cash market was a
shade better under good demand and mod
crate offerings. September delivery, No. 2
ranged 1a034c higher. The advance was due
to light offerings, and there being a small
quantity wanted to settle contracts. October
and November deliveries did not change ma
sold lSc higher early, but afterwards reacted.
Trade was about fair. Arrivals of oats very
moderate and only thirty-two cars expected
for Monday. Provisions were weaker. Prices
ranged lower, and as a broker put it. This
was selling day." Receipts of hogs exceeded
estimates and prices declined. There was
moderate buying OF lard at the opening, but
after the buyers had filled up the offerings
became larger. Lard received more atten-
ton and was steady for time after the OPEN
ing, but broke Toe on the selling of less than
1000 tierces October sold at S6.50@6 40,
and closed at S6.40; January closed at Sc. 49,
Short ribs were quiet and declined sc; Octo-
Der sold at $40 but closed S7.75 bid; Jan
uary sold at S627l2@6.35, and closed at
$3.50. Pork sold at Sl2. As for January down
to 12.35@12. 3712.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No: 2, September, opened at 711ac:
741sc, closing at 74c; May, 1850, closing at
T91sc. Corn-No. 2, September opened at
43Ac; October, 43c, closing at 425sc; No
Dfember' 42%e closing at 42l2e; May, 457Bc.
opened at 26ls October. 257sc, closing at
257sc; November, 2614c, closing at 264c;
May, soc, closing at 1850: Mess pork. per
January. S12.4O, closing at Sl2.37I2. Lard,
per 100 lbs-September opened at $3.50;
October, $3.50, closing at S6.40: November,
Sc .45. closing at S6:37l2; January, $3.50,
1878, closing at $3.50; Jan
uary, $780, closing at Sc 80.
Cash quotations were as follows: Flour,
quiet and firm; prices unchanged; No 2
spring wheat, 71A@711sc; No. 3 spring
wheat, 6412@65c; No. red, 73I2c; No.
corn, 42ss@42Ae; No. 2 oats, 26@26ssc;
No. 2 rye, 4Sc: No. barley. Csc; No 1
faxseed, Si.O514 prime timothy seed, 1925;
mess pork, per Dbl, S12.O5; lard, per 100
lbs, S6.42l2; short ribs sides Goose5, S7.72:
dry sailed shoulders Cboxed,) s.. 25@5. 80;
short clear sides boxed, $S.1O@S. Is;
whisky, distillers' finished goods, per gal,
S1.10: sugar, cut loaf, 67s@7c; granulated,
6l2c; standard "a, - 6Ac. Recefpts-Flour
10000 bbls; wheat, $4,000 bu; corn, 2O6,-
600 bu; oats 179, 600 blu; rye, 1000 bu; bar
ley, 100000 bu. Shipments-Flour. %, 900
bbls; wheat, $4,000 bu; corn, 752, 900 bu;
oats, 10000 bu; rye, 1000 bu; barley,
$4,000 blu. On the produce exchange to-day
the butter market was quiet; creamery. l6I
@24c: dairy, 15l2@19c. Eggs, firm; fresh
Northern, l7l2@1Sc.
. Al AICIJDoDT o. CNA